Balance Sheet Unadjusted Trial Balance and Statement of Owner's Equlty Dr. Adjusted Income Adjustments Cr. Trial Balance Statement Cr. Dr. Cr. No. Account Title 109 Interest receivable 124 Office supplies 128 Prepaid insurance 164 Accumulated depreciation-Office equipment 209 Salaries payable 409 Interest revenue 612 Depreciation expense-Office equipment 620 Office salaries expense 637 Insurance expense 650 Office supplies expense Dr. Cr. Dr. Dr. Cr. (d) $ 880 (b) $1,750 900 (0) (c) 2,200 560 (e) (d) 880 (c) 2,200 (e) (a) (b) 1,750 $6,290 560 900 Totals $6,290

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Use the following information from the Adjustments columns of a 10-column work sheet to prepare the
necessary adjusting journal entries (a) through (e). 

Balance Sheet
Unadjusted
Trial Balance
and Statement of
Owner's Equlty
Dr.
Adjusted
Income
Adjustments
Cr.
Trial Balance
Statement
Cr.
Dr.
Cr.
No. Account Title
109 Interest receivable
124 Office supplies
128 Prepaid insurance
164 Accumulated depreciation-Office equipment
209 Salaries payable
409 Interest revenue
612 Depreciation expense-Office equipment
620 Office salaries expense
637 Insurance expense
650 Office supplies expense
Dr.
Cr.
Dr.
Dr.
Cr.
(d) $ 880
(b) $1,750
900
(0)
(c) 2,200
560
(e)
(d)
880
(c) 2,200
(e)
(a)
(b) 1,750
$6,290
560
900
Totals
$6,290
Transcribed Image Text:Balance Sheet Unadjusted Trial Balance and Statement of Owner's Equlty Dr. Adjusted Income Adjustments Cr. Trial Balance Statement Cr. Dr. Cr. No. Account Title 109 Interest receivable 124 Office supplies 128 Prepaid insurance 164 Accumulated depreciation-Office equipment 209 Salaries payable 409 Interest revenue 612 Depreciation expense-Office equipment 620 Office salaries expense 637 Insurance expense 650 Office supplies expense Dr. Cr. Dr. Dr. Cr. (d) $ 880 (b) $1,750 900 (0) (c) 2,200 560 (e) (d) 880 (c) 2,200 (e) (a) (b) 1,750 $6,290 560 900 Totals $6,290
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